Good God Almighty! I seriously thought we were done with this. I was driving at the time, so I’m glad I wasn’t staring at an ES chart during this mayhem, but………..IMHO OMG:
Mr. Xi’s Wild Ride
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Wei Tu Low
Wowser Trousers
“Sell your cleverness and buy bewilderment.”
– Rumi
Like the rest of us, I have many characteristics to my personality, some good, some bad. One of the better ones that I am pleased with is a sense of wonder. I am always open to being astonishing. I am always willing to accept the inexplicable as being possible. I recognize, as Saint-Exupéry did, that what is essential is invisible to the eye.
And, thus, with such lofty wisps, I offer the following chart. Although I say it every day, I’ll repeat – – click it for a bigger version, because I use enormous screens, as I personally think people using mobile devices to look at financial charts are psychotic, or at least masochistic. So here we go:
(more…)The Gaps Remaining
I offer below a quartet of important index charts, each of which has a price gap well worth watching (the gap itself is shown in the black rectangle within each chart). Interestingly (almost to the point of impossibility), the last one, the broker/dealer index, isn’t even a gap I drew. It is instead a Fibonacci retracement line, which nailed the price gap literally to an accuracy of one penny.
